Active Listing  ·  5 days on market

3005 Shoot Out Ct

Austin, TX 78748
$449,000
3 Bed 2 Bath 1,765 sqft $254/sqft Built 1988 0.17 acres 2-Car Garage Pool Shady Hollow Sec 06 Ph D

Terrific one story floorplan on wooded, cul-de-sac lot ready to be remodeled into your Shady Hollow dream home! Fabulous location on quiet street with magnificent oak tree in the backyard. Recent roof. Home is renovation-ready with large, open living room & huge island kitchen space with breakfast room & family room with fireplace. Vaulted ceilings make the home feel even bigger. Tons of natural light. Large primary bedroom with ensuite full bath overlooking tranquil backyard. 2 additional spacious bedrooms. Large, shaded patio area in landscaped backyard. Tons of curb appeal with lovely setback from the street & ample shade trees. Walk to community park & highly rated Baranoff Elementary School. Wonderful amenities including community center, playgrounds, pool, tennis & pickleball courts, dog park & miles and miles of trails with access to beautiful 360+ acre City of Austin greenbelt. Lower tax rate. Zoned to sought-after Bowie HS. Convenient to shopping, dining, Mopac, tolls & downtown ATX. Great investment opportunity - demo is done - ready to be transformed with a stunning finish out!

At $254/sqft, this home is 35% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3005 Shoot Out Ct, Austin, TX 78748

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,765 sqft
Lot Size 0.17 acres (7,300.66 sqft)
Year Built 1988
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shady Hollow Sec 06 Ph D
County Travis
Zip Code 78748
$/sqft $254/sqft
Days on Market ,
HOA $280/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243484212
List Date August 19, 2026
Elementary School Baranoff
Middle School Bailey
High School Bowie
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
10701 Beard Ave
Bauerle Ranch
$450,000 $231 3 bd / 3 ba 1,945 sqft , 2026-06-23
2312 MARCUS ABRAMS Blvd
Olympic Heights Sec 02
$440,000 $185 4 bd / 3 ba 2,377 sqft , 2026-04-20
12020 Battle Bridge Dr
Southland Oaks Sec 04 Ph B
$439,000 $289 4 bd / 2 ba 1,517 sqft , 2026-05-08
1318 Jenkins Bnd
Summerrow
$434,000 $227 3 bd / 3 ba 1,910 sqft , 2026-04-02
11116 Jim Thorpe Ln
Olympic Heights Sec 02
$429,000 $229 4 bd / 3 ba 1,875 sqft , 2026-02-26

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,155/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$89,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →